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$6,200,000

Beds
Unknown
sq ft
Unknown

2020 Graham Ave, Redondo Beach, CA 90278

2020 Graham Ave

Redondo Beach, CA 90278

  • 12 days on market
Graham Street is a rear find! Built in 1970’s and held by multi-generational Owners. It sits on a 15,000 sf double lot. And located in one of Redondo Beach’s best residential neighborhoods, north of Artesia and is sought after by tenants that want a quiet, secure, amenity central location. A drive by glance shows stunning Architectural features that include multilevel design garden style complex, with balconies, generous windows, and amenities. Units situated around a serine courtyard that gives many of the occupants garden views and still allows for privacy. Continuous building maintenance and upgrades have been performed with the highest standards. Overtime 10 of the units have been rehabbed w upgrades including remodeled kitchens, tiled baths, flooring, cabinetry, windows and fixtures. Building is approx. 12,000 sf. With living spaces averaging 1,050sf / two beds and 775sf /one beds. with a mix of (6) 2-bed/1-bath units and (1) 2-bed/2-bath units and (5) 1-bed 1-bath. Current rents are staggered and there is an estimated 24% upside in income. Market Cap at Proforma Income is 4.1% Building upgrades: Interlocking paver dive way and garage area, copper plumbing, full laundry, central gas water heater. Building storage space and workshop. 14 parking spaces consisting of tuck under and separate building all have storage. This opportunity offers an investor looking for excellent potential appreciation, long term stabilized tenant base, tax shelter and pride of ownership.

Details

Property type

Mixed Use

Lot size

0.3445 acres

Price per sq ft

Unknown

Year built

1970

Price History

01/10/2025
CRMLS

CRMLS #SB25001636

Listed
$6,200,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Street Lights

Status: Active

Tomo last checked: 01/22/2025 at 2:50 AM

Listing updated: 01/16/2025 at 5:30 PM

Listed by: Ross Moore, Estate Properties Phone #: (310) 937-5700

MLS: CRMLS #SB25001636

CRMLS logo

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